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Any situation that Scorp K-1 passive activity losses wouldn't be deducted final yr?
I have a final K-1 from an S-corp. It has had PAL carry-overs for several years. The shareholder has a fully taxable transaction (not an installment sale) in disposing of this, even though it is a loss, too. I understood that PAL carryovers were released in the final year. The K1 is marked final. Is there any instance where the PAL carryovers...
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